MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2023 were $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, for the same period in the prior year.

MGE continues to invest in new, cost-effective renewable generation, which is helping to fuel the company's asset growth. An increase in electric investments included in rate base contributed to increased electric earnings for 2023. The Red Barn wind project was completed in April 2023 and Badger Hollow II solar project was completed in December 2023.

Alliant Energy Corporation has reported fourth-quarter 2023 operating earnings of forty-eight cents per share. The bottom line improved 4.3 percent from the year-ago quarter’s figure of forty-six cents.

Full-year 2023 earnings came in at $2.82 per share, up 0.7 percent from the previous year’s level of $2.80. Revenues totaled $961 million, which missed the Zacks Consensus Estimate of $1.3 billion by 23.1 percent. The top line also decreased 9.2 percent from the year-ago quarter’s level of $1.1 billion. Full-year 2023 revenues came in at $4 billion, down 4.2 percent from the previous year’s level of $4.2 billion.

WEC Energy Group has reported net income based on generally accepted accounting principles of $1.3 billion, or $4.22 per share, for 2023. This compares to earnings of $1.4 billion, or $4.45 per share, for 2022. Full-year 2023 earnings include a non-cash charge of 41 cents per share related to previous capital investments that were disallowed by the Illinois Commerce Commission.

Excluding this charge, WEC Energy Group's adjusted earnings for 2023 rose to $4.63 per share – an increase of four percent over earnings in 2022. For the fourth quarter of 2023, WEC Energy Group recorded net income based on GAAP of $218.5 million, or sixty-nine cents per share. This compares to earnings of $252.7 million, or 80 cents per share, for the fourth quarter of 2022. Excluding the non-cash charge, WEC Energy Group's adjusted earnings for the fourth quarter of 2023 totaled $1.10 per share. Consolidated revenues for the full year were $8.9 billion, down $704.4 million from revenues in 2022. “We delivered another year of strong results in 2023, despite an historically warm start to the year and a disappointing regulatory decision in Illinois,” said Gale Klappa, Executive Chairman. “We have significant growth opportunities ahead. And we will continue to compound value with our focus on the fundamentals — reliability, customer satisfaction, financial discipline, and environmental stewardship.”

Xcel Energy has reported 2023 earnings of $1.77 billion, or $3.21 per share, compared with $1.74 billion, or $3.17 per share in the same period in 2022 and ongoing earnings of $1.85 billion, or $3.35 per share, compared with $1.74 billion, or $3.17 per share in the same period in 2022. Ongoing earnings reflect regulatory outcomes and lower operating and maintenance (O&M) expenses, partially offset by higher depreciation and interest charges.

“2023 was another strong year for Xcel Energy, our customers, our communities, and our investors. This is the 19th consecutive year we have met our earnings guidance, which is critical to maintaining a competitive cost of capital, which benefits our customers and shareholders,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy.

XCEL ENERGY THIRD QUARTER 2023 EARNINGS REPORTED

MGE ENERGY REPORTS THIRDQUARTER 2023 EARNINGS

On October 31, 2023, WEC Energy Group (NYSE: WEC)  reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023 — up from $302.0 million, or 96 cents per share, in last year's third quarter.

For the first nine months of 2023, the company recorded net income of $1.11 billion, or $3.52 per share — down from $1.16 billion, or $3.65 per share, in the corresponding period a year ago.

Alliant Energy has reported earnings of $160 million in its second quarter. On a per-share basis, the company said it had profit of 64 cents. The electric and gas utility parent company posted revenue of $912 million in the period.

Alliant Energy expects full-year earnings to be $2.82 to $2.96 per share.

MGE Energy has reported net income of $28.7 million in its second quarter. On a per-share basis, the company said it had net income of 79 cents. The public utility holding company posted revenue of $148 million in the period.

Xcel Energy has reported 2023 second quarter GAAP and ongoing earnings of $288 million, or $0.52 per share, compared with $328 million, or $0.60 per share, in the same period in 2022.

Earnings reflect the impact of unfavorable weather, higher operating and maintenance (O&M) expenses and interest charges, without expected increases in regulatory recovery to offset these drivers including the outcome of the Minnesota Electric Rate Case.

WEC Energy Group has reported net income of $289.7 million, or 92 cents per share, for the second quarter of 2023 — up from $287.5 million, or 91 cents per share, in last year's second quarter. For the first six months of 2023, the company recorded net income of $797.2 million, or $2.52 per share — down from $853.4 million, or $2.70 per share, in the corresponding period a year ago. Consolidated revenues totaled $4.7 billion for the first six months of 2023, down $317.9 million from revenues in the first half of 2022.

"After a down first quarter marked by one of the warmest winters on record, we delivered solid results in the second quarter. And we're firmly on track for a strong 2023," said Gale Klappa, executive chairman. "We're focused on the fundamentals of our business — financial discipline, operating efficiency and customer satisfaction."

Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows:

WEC Energy Group has reported first-quarter 2023 earnings of $1.61 per share. However, the bottom line declined 10.1 percent from the year-ago quarter, down from $1.79 per share.

Operating revenues were $2 ,888.1 million. The top line also declined 0.69 percent from $2,908.1million in the year-ago quarter.

• First quarter GAAP diluted earnings per share were $0.76 in 2023 compared with $0.70 in 2022.
• Xcel Energy reaffirms 2023 EPS guidance of $3.30 to $3.40.

Xcel Energy has reported 2023 first quarter GAAP and ongoing earnings of $418 million, or $0.76 per share, compared with $380 million, or $0.70 per share in the same period in 2022.

Earnings reflect recovery of electric and natural gas infrastructure investment and other regulatory outcomes, partially offset by higher depreciation, operating and maintenance (O&M) expenses and interest charges.

Highlights

• GAAP earnings per share were $2.73 in 2022 compared to $2.63 in 2021

MGE Energy has reported financial results for the fourth quarter of 2022 and for the full year of 2022.

MGE Energy's earnings for the full year of 2022 were $111.0 million, or $3.07 per share, compared to $105.8 million, or $2.92 per share, for the same period in the prior year.

Alliant Energy has announced U.S. (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30.

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.99 per share of GAAP EPS in the third quarter of 2022, which was $0.02 per share lower than the third quarter of 2021. The primary drivers of lower EPS were higher interest expense and timing of income tax expense.

WEC Energy Group has reported net income of $302.0 million, or 96 cents per share, for the third quarter of 2022 — up from $290.0 million, or 92 cents per share, in last year's third quarter.

For the first nine months of 2022, the company recorded net income of $1.16 billion, or $3.65 per share, up from $1.08 billion, or $3.40 per share, in the corresponding period a year ago.

Consolidated revenues totaled $7.0 billion for the first nine months of 2022, up $924.9 million over revenues for the first nine months of 2021.